The Foreign Investment Promotion Agency of B&H (FIPA) considers as significant the activities of the Municipality of Srebrenik on introduction of the electronic registry for all necessary administrative procedures, which contributes to the improvement of business environment at the local level, and thus leads to a further reduction of unnecessary administrative procedures that are plaguing the economic activities.
Reducing administrative procedures, including the cost reduction, facilitates operations primarily for domestic entrepreneurs and then for foreign investors, and it contributes to improving the living standards of citizens.
Every effort that the authorities in Bosnia and Herzegovina are investing in improving the business environment, from the municipal level up to the state level, contributes to improve the country's competitiveness.
The FIPA Agency constantly emphasizes the need for reducing the number of administrative procedures as necessary to effectively run the business.
Otherwise, the number of administrative procedures and the required time to obtain permits, etc., are domains for which foreign investors in B&H have a large number of comments.
The FIPA Agency and the International Finance Corporation (IFC) launched a project to create collaborative networks for work and post-investment support to foreign investors in the country which will, among other things, work to identify the barriers to business and to eliminate them within the shortest delays.